FCA and PRA committed to driving competition and innovation – Insurance Age End of drawer navigation content Skip to main content The Financial Conduct Authority is looking at what rules can be stripped out following Consumer Duty and if fair value assessments need to be every year. Matt Brewis, director of insurance at the FCA … Read more
Allianz UK has reported a 5.5% rise in gross written premiums last year to £4.66bn with profit surging ahead. The growth has followed topping £4bn of premium for the first time in 2023. Operating profit rose 52% to £367.8m in 2024 as the combined operating ratio improved year-on-year from 96.9% to 95%. In commercial lines, … Read more
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Sandy West Jagdish Whitten was on a run in July 2023 when a car hit him as he crossed a busy San Francisco street. Whitten, then 25, described doing “a little flip” over the vehicle and landing in the street before getting himself to the curb. Concerned onlookers called an ambulance. But Whitten instead had … Read more
The Post Office has made its first official apology to subpostmasters who used its faulty Capture accounting software and were blamed and punished for unexplained shortfalls. Ken Tooby received a letter from a senior executive who “apologised sincerely and unreservedly” on behalf of the Post Office for “failings and impact” on Tooby’s late wife … Read more